Overall, these low costs and spreads keep LexaTrade very attractive to those looking for the best all-around trading experience. Although there are a couple of areas that LexaTrade can improve on, they generally do very well across the board in terms of positive points. This is led by the fact they offer some of the very lowest spreads in the industry, particularly the raw spread, helping keep trading costs down. Looking for an independent and professional Forex brokers review? Our researches will help you find a broker supporting all financial instruments you may need.

The only slight difference is that, since there are no swap fees on this account, the broker does implement an additional fee that starts from $5 per lot depending on the currency pair. Here too you will have access to the very same great range of market choice with more than 200 CFDs, and 60 forex pairs for trading. Given the very low trading costs, this is the favored account type for many forex scalpers.

In the period of a year, that would be a return of 250%, which is 25 times higher than the average return of the S&P 500. LexaTrade has several trading resources available to its users. Starting with educational resources, LexaTrade dedicates an entire section of its site to learning materials. They have a blog section where users can learn about forex and CFD trading.

LexaTrade broker reviews

Especially, in the Australian forex market, LexaTrade and Pepperstone are leading ECN Forex brokerage service providers. Meanwhile, Withdrаwаlѕ саn bе mаdе viа mаnу оf thе ѕаmе mеthоdѕ thаt are liѕtеd аbоvе аnd will be gеnеrаllу рrосеѕѕеd within thе ѕаmе wоrking day. Withdrаwаlѕ are gеnеrаllу frее оf charge, but international bank wirе withdrawals соmе with a fее оf аrоund $20 AUD. IC Mаrkеtѕ iѕ fully optimized for ѕmаrt mobile dеviсеѕ including рhоnеѕ and tаblеtѕ. Thе MT4 trading рlаtfоrm hаѕ mоbilе applications compatible with bоth iOS аnd Andrоid dеviсеѕ аnd iѕ аvаilаblе fоr frее download frоm thе Apple Aрр store and thе Gооglе Plау ѕtоrе. Also, thе cTrader рlаtfоrm iѕ web-based аnd is compatible with mobile browsers аnd аlѕо hаѕ a dоwnlоаdаblе аррliсаtiоn fоr iOS and Andrоid dеviсеѕ. Thеѕе mobile trаding platforms feature muсh оf thе ѕаmе advanced funсtiоnаlitу as thе desktop platforms, аnd hаvе been designed tо рrоvidе a convenient and ѕеаmlеѕѕ trаding еxреriеnсе.

LexaTrade Trading Accounts Review

Daytrading.com may receive compensation from the brands or services mentioned on this website. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets. So trading will be available as an when markets around the world are open, so trading hours reflect markets hours. In terms of opening hours, the IC Support desk is open 24 hours a day, for 5 days a week. There are no fees for domestic withdrawals and with e-wallets. Unfortunately, LexaTrade do not offer their traders any sort of bonuses.

LexaTrade broker reviews

You will also find a handy guide to getting started with MT4. The excellent cost of trading makes LexaTrade a very popular choice among scalping traders who are attracted by the low spreads and commissions in play. When it comes to EAs and Algo trading, these can be accessed both through MQL in the case of MetaTrader, and cAlgo in the case of forex strategy cTrader. Therefore, there is something to fit all needs with LexaTrade. With LexaTrade withdrawals, these usually take around 3 days though they can take up to 2 weeks. This depends on the method chosen, and you must use the same withdrawal method as you used to deposit funds. These start from 0 pips and a competitive commission is in place.

Is This Broker Good For Beginners?

These are well-structured and cover useful topics like technical analysis and risk management. It is slow, as the average wait time for an answer was more than 10 minutes. For example, we had to ask several questions until we got information on how their financing rates work.

  • Through this regulatory scheme, some LexaTrade clients outside of Australia can continue to trade with conditions available to Australian clients, such as higher leverage.
  • They also give good options for the advanced traders, because they connect the signal providers with the investors.
  • The companies core values are built upon integrity, trust, honesty and fairness.
  • Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
  • Feel free to try LexaTrade, as you can have an account within a day and there is no inactivity fee.
  • Besides the live chat option, LexaTrade also has a dedicated support email address (), where customers can send their queries.

But very recently they have expanded customer base for users of MAC and Apple computers. The ease of trading is equally good for Android phone users, iPhone, iPad, and tablet users. This makes trading very easy and user are able to access their online account portal from everywhere. A few years ago, a high-profile currency trading broker disappeared with $1 billion of client funds. They talked a big game and claimed to trade $4.8 billion on behalf of 100,000 investors and promised gains of 1 percent a day.

What Is The Minimum Deposit At LexaTrade?

Education – The brokerage features numerous video tutorials with the focus on educating traders on the various aspects of day trading. As well, they provide many articles and guides to help their traders. This account allows the trader to practice using virtual money in a live market environment. LexaTrade is a reputable and established online trading brokerage based out of Sydney Australia . The company was founded in 2007 and is owned and operated by International Capital Markets PTY, with their headquarters locates at Level Kent Street Sydney, NSW 2000. They are required to meet stringent conditions before they are licensed. Here are the criteria we used to review and pick the forex brokers on this list out of the hundreds of forex brokers out there.

LexaTrade broker reviews

LexaTrade is an Australia-based global forex broker that was founded in 2007. Other problems of the website being unavailable (“no connection” error for example) are largely more a questions of the trader connectivity rather than the broker. In our experience, it is very rare for the platform to be not working, but can happen. As a regulated brand, their policies are transparent and trader funds are separated from company funds. LexaTrade offers their traders a wide variety of deposit options in 10 different currencies. These include AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF. In addition, traders can trade on the go with MetaTrader4’s mobile apps for both Android and Apple, and also from any desktop via the web-based MetaTrader platform.

Broker Alternatives

LexaTrade enables copy trading via Myfxbook Autotrade and ZuluTrade, while MT4/MT5 also has an integrated copy trading platform. My LexaTrade VPS review found services from Forex VPS, Beeks FX VPS, and New York City Servers. lexatrade cheating Algorithmic traders with a monthly volume of 15 lots get VPS hosting of charge. The minimum deposit for either option is $200, which is higher than at many brokers, but I think well worth the excellent trading environment.

LexaTrade broker reviews

LexaTrade also offers a number of useful risk management features, such as stop losses , limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by LexaTrade lexatrade forex brokers reviews here. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets. Brokers that do not charge minimum deposits do so usually to attract new customers.

These tools include economic calendars, alerts, technical indicators, market data, VPS and more. MT4 is one of the most popular online trading platforms that is used by millions of traders around the globe. It is free to use and can be downloaded as a desktop platform or run directly in your web browser without the need to download or install any additional software. It is also available as a mobile app for Android or iOS devices and can be download for free from the relevant app stores. LexaTrade offer the MetaTrader 4, MetaTrader 5, and cTrader platforms. These are the 3 most popular and user-friendly trading platforms available today. The True ECN trading model is incorporated into all of the platforms at no extra cost for all levels of traders.

Nice Platform

The features listed above are useful for both the beginner and the advanced trader. The LexaTrade Raw Spread account offers liquidity from over 50 different banks and dark pool liquidity sources. The company’s additional regulation by the FSA of Seychelles came into effect in July 2019 due to changing global regulations for CFD providers. Through this regulatory scheme, some LexaTrade clients outside of Australia can continue to trade with conditions available to Australian clients, such as higher leverage. LexaTrade is my personally favored Forex Broker because here you are without conflicts of interest to very small fees. Thus unlimited profits can be made and the broker earns only at the commission of its money.

LexaTrade broker reviews

It also caters to social traders with three copy trading services, while beginner traders benefit from a high-quality educational platform and excellent 24/7 customer support. LexaTrade is a good broker for investors who want to run automated trading strategies on MetaTrader and cTrader platforms.

LexaTrade broker reviews

With 500,000+ executed transactions, 60%+ from algorithmic trading solutions, and $29+ billion in Forex volume, LexaTrade operates the largest Forex broker globally. In March 2021, LexaTrade achieved trading volumes of $1.04 trillion. Traders have 61 currency pairs and 13 cryptocurrency pairs, placing LexaTrade in the middle of the competition. It shines with 1,659 equity CFDs and 25 index CFDs, offering traders an excellent selection. Completing the available markets are 22 commodity CFDs, eleven bond CFDs, and four bond CFDs. Overall, LexaTrade maintains a well-balanced choice of trading instruments.